Tucked away in the popular residential area of Efford, this spacious ground floor flat presents a fantastic opportunity for investors, offered to the market with a long-term tenant already in situ and generating a steady income of £725 per calendar month.
Enjoying its own private entrance to the side and rear elevation, complete with the added benefit of front, side, and rear gardens, which have been well-maintained.
Inside, the property is of a generous size and offers plenty of scope for personalisation. While some modernisation would enhance the property further, the solid layout and attractive setting make it a superb blank canvas with great potential.
Set within a convenient and well-connected location, with local amenities, schools, and transport links nearby. If you are looking for your next investment, this property could be for you!
Ground Floor Flat
Living Room 11.11 x 10.6
Kitchen 7.5 x 6.00
Bedroom One 11.00 x 10.6
Bedroom Two 9.00 x 8.6
Bathroom
Agency Notes:
Management Company - Plymouth Community Homes
Lease Term - 125 years from 25 November 1991
Years Left on the Lease - 91
Ground Rent PA - £10
Service Charge PA - £169.58
Buildings Insurance PA - £211.36
EPC Rating - C
Terms and Conditions:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.